buying property in the USA
 

are you able to buy property in the USA to use as a holiday home without a residency visa?

Re: buying property in the USA
 

Yes you can.

Re: buying property in the USA
 

yes, you can. We've done it, had a condo for 2 1/2 years now, and when we eventually get our immigration visas it'll become our permanent home. Until then it's a holiday home.

Re: buying property in the USA
 

It's a "yes, but..." answer.

You should not think that you will derive any immigration benefit or advantage from owning the property. In fact if the officer at the POE thinks you are trying to de facto live in the US and not just visit for holidays and refuses you entry that will cause all sorts of issues. So, be careful and plan to spend more time out of the country than in and don't overstay.

Re: buying property in the USA
 

Yes, you can. You will need money to put towards the upkeep of the property when you're not vacationing in it. Figure 85 days a year in it, the rest of the time you're paying someone (or a management company) to keep it up for you. Plus home owners insurance.

Unless you are of retirement age and are able to get a B-2 visa, in which case maybe it would be a 50/50 split...6 months in the USA, 6 months back home.

Rene

Re: buying property in the USA
 

A friend of mine bought a place earlier this year, my warning would be that children will soon want to go their own way so do not assume they will be there with you on your hols.

My friends do not have children, looking to make two trips a year and rent out, they appreciate the rental income may be limited and are not dependent on it.

Re: buying property in the USA
 

Buying isn't the problem....possibly not being resident in the country might have issues on the mortgage or on the home owners insurance though.

That and filing taxes might be a pain if you're renting it out.

Re: buying property in the USA
 

Hsbc do mortgages for people with no SSN and no visa, however you have to be a Premier client, think thats £50k in the UK and its $100k to qualify here. From memory they lend approx 70% LTV too. I have a friend who works for them if you want more info?

Re: buying property in the USA
 

First part definitely true. As for the second part while I agree with "more time out than in", we have never ever had problems with multiple entry, going to our place in the US. Once or twice the POE Officer has asked what the address on the card is and we answer quite truthfully that it's our condo and we're headed there for a holiday. That gets us waved through.

Re: buying property in the USA
 

Aye, but it is a good rule of thumb.

Just because you haven't had problems, does not mean that other people haven't.

It's all down to personal circumstances, how old you are, where abouts you're heading, what the POE officer had for breakfast that morning etc etc.